0 By Dimitri Papaefstratiou ALGERIA-UK INVESTMENT FORUM 22 May 2016

1  DLA Piper is a leading global business law firm, with over 4,500 lawyers based in more than 30 countries in offices across Europe, the Middle East, Asia Pacific and the Americas.  We are a full service global law firm. We are organised to provide clients with the full range of essential business advice, whether in relation to large-scale mergers and acquisitions, banking and finance deals, employment issues, commercial dealings, litigation, insurance, real estate, IT, intellectual property or restructuring.  Our clients benefit from our extensive network of offices which allows us to provide a seamless, premium legal service across jurisdictions, time zones and continents. About DLA Piper

2 Global Locations Australia Austria Bahrain Belgium Brazil Canada China Czech Republic Finland France Georgia Germany Hungary Italy Japan Kuwait Luxembourg Mexico Morocco Netherlands New Zealand Norway Oman Poland Qatar Romania Russia Saudi Arabia Singapore Slovak Republic South Africa South Korea Spain Sweden Thailand Ukraine United Arab Emirates United Kingdom United States Algeria Angola Bosnia- Herzegovina Botswana Burundi Colombia Croatia Denmark Egypt Ethiopia Ghana Indonesia Ireland Kenya Mauritius Mozambique Namibia Portugal Rwanda Tanzania Turkey Uganda Venezuela Zambia RELATIONSHIP FIRMS DLA PIPER OFFICES

3  DLA Piper is a leading global law firm in Africa.  We have a multidisciplinary team of lawyers with an African focus working across numerous sectors. We have developed a leading African practice and have an active presence on the continent.  We administer our African practice through dedicated teams of internationally-based but African-focused lawyers working across a variety of sectors. We have over 200 lawyers who work predominately on African matters, based in key hubs around the world - including London, Paris, Brussels and New York.  We also have a uniquely wide African footprint through our DLA Piper Africa group - an established and integrated alliance with many of the continent's leading law firms. DLA Piper in Africa

4 Our African Coverage

5  Project Finance International awarded us Power Deal of the Year (Middle East and Africa) 2015 for the 300 MW Maamba Collieries power project in Zambia.  IJ Global Awards recognised us for the African Oil & Gas Deal of the Year 2014 for our work with Oando Energy Resources in connection with its $1.65 billion acquisition of upstream oil & gas assets in Nigeria.  We were recognised by the Financial Times as the "Most Innovative Firm in Finance Law 2013" for our ground breaking work in advising the Government of Tanzania on a $3 billion joint venture to develop an integrated coal mine, 600 MW thermal power station and iron ore mine in Tanzania (the single largest investment venture in East Africa to date).  Legal 500 recognises DLA Piper as going "…from strength to strength in project finance in Africa" and fielding "high-calibre project finance lawyers".  Chambers Global 2015 ranks DLA Piper Africa as a Band 1 firm in the 'Leading Regional Law Firm Networks - Africa-wide' category and states the following about our practice: "This network is heavily represented across the continent, providing clients with seamless legal services across all key practice areas…".  Chambers and Partners notes that our clients appreciate our "deep knowledge of the African market with fantastic on-the ground experience". Recognition

6  Planning – Integrated nature of energy and infrastructure investments – Importance of an overall investment plan: plan and cost investments across the value chain to maximise impact of spend  Procurement – Importance of selecting appropriate procurement methodologies – structured tenders & bilateral arrangements – privatisation, concession arrangements & new legal frameworks designed to attract investment – The methodologies selected for each sector and each project or group of projects will incentivise different responses and outcomes. – Different methodologies may be appropriate for different projects or parts of the value chain. Key messages from our international experience

7  Proactive engagement with the industry – conferences and roadshows – identify investor concerns early on – hiring advisors early generally increases effectiveness and success rate  Investor concerns – how to partner and interact with local partners and the Government – securing a long-term, reliable income stream that yields appropriate returns – credit worthiness of counterparts – availability and ability to repatriate foreign currency – how to raise finance for their project – insulating their investment from political risks – the legal, tax & regulatory framework Key messages from our international experience (continued)

8 QUESTIONS?